Vanguard Group, one of the world’s largest asset managers, voted against & Co. nonexecutive chairman Stephen W. Sanger and two other directors this year, according to new regulatory filings. Following Wells Fargo’s sales-practices …
Wells Fargo Securities provides corporate clients with Wall Street-style services such as merger advice, stock and bond offerings, and securities trading. The unit has about 5,000 employees worldwide, with the largest portion based in …
and a bigger stock market value ($240 billion to J.P. Morgan\’s $217 billion). One thing that seems secure, though, is J.P. Morgan\’s status as the biggest U.S. bank by assets, with $2.4 trillion. In that race, Bank of America is No. 2 and …
Wells Fargo said early Friday that it would merge with Wachovia — including the troubled Charlotte bank’s banking operations — in a $15.1 billion all-stock merger. The announcement comes only four days after Citigroup reached an …
Bankers had little time to assess the risk. Citigroup and Wells Fargo were unlikely to bid more than a few dollars per share for Wachovia, substantially less than the $10-a-share price where its stock was trading on Friday, according to people …